Excelsior Advisor Network LLC Acquires New Holdings in Analog Devices, Inc. $ADI

Excelsior Advisor Network LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 1st quarter, Holdings Channel reports. The institutional investor bought 1,389 shares of the semiconductor company’s stock, valued at approximately $442,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Analog Devices in the 4th quarter worth $2,215,516,000. Bank of America Corp DE increased its position in Analog Devices by 42.8% during the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after acquiring an additional 2,912,666 shares during the last quarter. Amundi increased its position in Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after acquiring an additional 1,922,302 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Analog Devices by 29.2% in the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after acquiring an additional 1,091,004 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Analog Devices by 3,456.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock valued at $287,398,000 after acquiring an additional 1,029,927 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the transaction, the senior vice president directly owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 103,858 shares of company stock worth $42,062,730 over the last ninety days. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ADI shares. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Truist Financial increased their price objective on shares of Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Argus set a $460.00 target price on shares of Analog Devices in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $441.00.

Analog Devices Stock Performance

NASDAQ:ADI opened at $371.89 on Tuesday. The stock has a 50-day simple moving average of $400.99 and a two-hundred day simple moving average of $361.79. Analog Devices, Inc. has a 52-week low of $218.37 and a 52-week high of $445.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The firm has a market capitalization of $181.14 billion, a PE ratio of 55.26, a P/E/G ratio of 0.96 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the company earned $1.85 earnings per share. The business’s revenue for the quarter was up 37.2% compared to the same quarter last year. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Analysts forecast that Analog Devices, Inc. will post 12.42 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is presently 65.38%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.